Senior Financial Reporting Accountant

Commonwealth Savers; Richmond, Northern (VA, KY); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Healthcare benefits

PTO 25 days

Holidays 12+

Job summary

Commonwealth Savers in Virginia seeks a Senior Financial Reporting Accountant to perform and review accounting activities related to financial reporting, statements, and analysis. You will prepare the Annual Comprehensive Financial Report and develop disclosures, while ensuring GASB compliance and audit support.

The role requires seven+ years in governmental accounting, GAAP knowledge, and strong Excel/BI skills; CPA preferred.

Qualifications

• Seven or more years of relevant work experience in governmental accounting, finance, or related field with GAAP knowledge.
• CPA designation preferred; experience with GAAP and financial reporting.
• Ability to read, compile, analyze and interpret complex accounting records and statements.
• Strong Excel, Word, PowerPoint skills and knowledge of SQL, Tableau, and BI tools.

Responsibilities

• Perform and review accounting activities related to financial reporting, financial statements, and financial analysis.
• Prepare internal and external financial reports and assist with the Annual Comprehensive Financial Report.
• Develop reporting schedules, disclosures, and analytical content.
• Monitor evolving accounting guidance and implement GASB statements and other standards.
• Coordinate responses to internal and external audit inquiries and support audit activities.
• Collaborate with stakeholders to ensure compliance with processes, procedures, and policies.
• Analyze data from financial systems including investment data and master custodian.

Skills

GAAP knowledge

Financial analysis

Excel

SQL queries

Tableau

Communication

Team collaboration

Education

CPA preferred

Tools

Microsoft Excel

PowerPoint

Word

SQL Queries

Tableau

Business Objects

Job description

Commonwealth Savers, formerly Virginia529, is an independent state agency that offers savings and investment programs to meet future financial goals, while providing meaningful work to our diverse and collaborative team. Our name change to Commonwealth Savers, reflects our expanded mission to empower individuals on their entire financial journey through education, disability, and retirement savings programs. Commonwealth Savers manages the largest 529 and independent ABLE plans in the nation, helping people save for higher education and disability related expenses, and now manages the state’s private retirement program, RetirePathVA, bringing retirement savings to those who do not have employer-provided options. If you want to make a difference with us, visit our Careers page to learn more about our culture, values, and rewarding career opportunities.

Our growing Financial Reporting Team is seeking a Senior Financial Reporting Accountant to perform and review accounting activities related to financial reporting, financial statements, and financial analysis. This position supports the preparation of the Annual Comprehensive Financial Report by developing reporting schedules, disclosures, and analytical content. This role is responsible for preparing, interpreting, and analyzing financial data, preparing internal and external financial reports, and assisting the Financial Reporting Team with the interpretation and implementation of accounting standards.

Monitor and ensure timely identification and compliance with evolving accounting guidance and assist the Financial Reporting Team and Finance management with interpretation and implementation of Governmental Accounting Standards Board (GASB) statements and other applicable accounting standards and practices including preparation of technical memorandums and policy documentation

Perform all aspects of various accounting functions including preparation of the Annual Comprehensive Financial Report, monthly, quarterly, and year-end close processes, internal and external audit support, and accounting systems testing and forecasting

Analyze and evaluate data recorded in various financial systems including financial and investment data reported by the agency’s financial institutions and master custodian

Prepare internal and external financial reports and perform complex financial analysis, including developing forecasts, financial models, recommendations, and strategies

Coordinate responses to internal and external audit inquiries and assist with audit support activities

Collaborate with internal and external stakeholders and support compliance with accounting standards, processes, procedures, and policies

Conduct research and reporting related to Defined Benefit 529 risk data as needed

Successful candidates will have:

Seven or more years of relevant work experience in governmental accounting, finance, or related field, with demonstrated knowledge of Generally Accepted Accounting Principles (GAAP), financial reporting, and general business processes; equivalent combination of education and experience may be considered; Certified Public Accountant designation preferred (CPA)

Experience with the Commonwealth’s financial reporting procedures and policies preferred

Ability to read, compile, analyze and accurately interpret complex accounting and financial records and statements

Ability to identify and define problems, collect and reconfigure data, establish facts, develop and communicate options and draw valid conclusions

Demonstrated critical thinking, decision making and analytical ability with a strong attention to detail and ability to meet critical deadlines

Demonstrated master level proficiency with Microsoft Excel; strong skills in Microsoft Word and PowerPoint

Proficiency with financial systems and business accounting software (general ledger, fixed assets, accounts payable, accounts receivable, and reporting)

Knowledge of SQL Queries, Business Objects, and Tableau Reporting Software preferred

Ability to communicate clearly, concisely, and persuasively, orally and in writing

Ability to build rapport and collaborate with coworkers, other state government employees and the financial community

This position follows a hybrid work schedule with a minimum of two days on-site each week

Typical office environment with considerable time in a sitting, stationary position

Constantly operate a computer and other office equipment including typing and keying

Frequently communicate with team members and third-party business partners; must be able to exchange accurate information accordingly

Generous healthcare benefits with multiple plans to choose from

Defined benefit and contribution retirement plans with cash match

12+ holidays

PTO – new employees earn 25 days/full year